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SSC CGL 2020 PYQ — Question 16

SSC CGL Tier II - Quant - 15 Nov 2020 • Quantitative Aptitude • Q16

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Shashi sells two articles for Rs 5,000 each with no loss and no profit in the overall transaction. If one article is sold at 1623\frac{2}{3}% loss, then the other is sold at a profit of:

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 25%

Concept 

Fraction value of  1623\frac{2}{3}% = 1 / 6

Application

C.P of one sold at a loss of  1623\frac{2}{3}% = Rs. 5000 × 6 /5 = Rs. 6000

Since there is no profit or loss

Thus, C.P of other article = Rs. (10,000 – 6000)

Rs. 4000

S.P of other article = Rs. 5000

Gain = Rs. (5000 – 4000)

Rs. 1000

Gain% = (Gain / CP) x 100

(1000/4000) × 100%

25%